Citation, commencement and effect

1. —(1) These Regulations may be cited as the Child Trust Funds (Amendment No. 3) Regulations 2011 and shall come into force on 1 November 2011.

(2) Regulations 3 and 4 shall only have effect in relation to vouchers issued on or after 1 January 2012.

Amendments to the Child Trust Funds Regulations 2004

2.The Child Trust Funds Regulations 2004( 2 ) are amended as follows.

Vouchers

3. In regulation 3 —

(a) in paragraph (1)(d) for “expiry date” substitute “short expiry date”;

(b) after paragraph (3) insert—

“ (4) But for references in these Regulations to the short expiry date of the voucher paragraph (3) applies with “60 days” instead of “12 months”. ” .

Opening of account by responsible person of the child

4. In regulation 5, in each place where it occurs in Condition 1 in paragraph (1) and in paragraph (1A), for “expiry date” substitute “short expiry date”.

Annual limit on subscriptions

5. In regulation 9, in each place in which it occurs, for “£1,200” substitute “£3,600”.

The Official Solicitor or Accountant of Court to be the person who has the authority to manage an account

6. After paragraph (2A) in regulation 33A insert—

“ (2B) The unique identifier of a local authority as referred to in paragraph (2A)(a) is the number allocated to the local authority by the Board for the purpose of these Regulations. ” .